I found a lot of PHP web hosting on internet, some cheap some highly expensive. After few research on hosting forums I collected some cheap high quality web hosting for PHP site. Here are the list of Good quality PHP website hosting :

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PHP and MySQL support web hosting. Price $2.95/month Free Setup+ Free Domain Registration, Almost all features included in package.- Paid Annually but you have 30 day money guarantee

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PHP and MySQL support web hosting. Price $0.99/month Free setup+ Unlimited MySQL database, Good upgrade option- Domain not included, $8.8 domain registration annually

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PHP and MySQL support web hosting. Price $3.95/month Free Setup+ Unlimited MySQL, all features included, one month free if you paid annually.- Not included domain name

Control Panel is a graphical web-based web-hosting control panel, designed to make administration of websites easy. Almost all of web hosting include this feature in their hosting plan.

Features in control panel included Domain Management, DNS Management, FTP/File Management, Database Management, E-mail management, Web Traffic statistic, SubDomain, Script Installation etc.

You can upload your files for your website from control panel file management. I Think it will simplify your job to upload your website files with control panel rather than with FTP.

There are a lot of web hosting control panel brand. From the famous one cPanel, SiteBuilder, Lxadmin, DirectAdmin, H-Sphere, ISPConfig, ISPManager, Plesk, HSPComplete, Webmin. Click on the name to try the demo.

Would you like to know how To Trade the Forex Market With A Secret Trading Recipe Only the best traders know?

WARNING: This listing will change how you trade, forever. It will also SMASH how you currently view the market.

Here's why: There is a certain combination of simple indicators and technical analysis that can consistently and accurately tell you where to get into and out of the market with a massive profit and sniper-like accuracy.

This is a secret technique, which has never been used in this combination before.Youll learn PRECISELY how to pinpoint your entry price, your exit price and where to put your stop loss.....

Spend some time with me, and I GUARANTEE youll be profiting, or youll get every cent back!!

In the Forex market the value of two separate currencies and how they relate to one another is what is known as the Forex exchange rate. Usually the Forex rate is how much of one currency is needed to buy a unit of another. Just to give you an example of how the Foreign exchange rate can work and to help you better understands it we can compare the United States dollar with the Japanese yen.

This ratio in the exchange rate is also known as pairing. A few other terms used in the Forex exchange are pips or basis points, which are actually two terms used for the same thing.

In using the Forex exchange rate you are required to use two currencies and this means they are quoted as ‘two tier’ rates. Also in the Forex market its price basis is called a bid/ask. One last thing concerning the Forex exchange rate is that it is independently determined. With the benefits and knowledge of how the Forex exchange works you can decide if entering the Forex market is the right move for you.

Forex Exchange Rate - Learning the BasicsExecutive Summary about foreign exchange rate By Tony NewtonIt is due to the frequent fluctuations that come abound in the forex exchange rates. Literally defined, an exchange rate is the cost of one currency in relation with another. More so, it is maneuvered by the market forces called the supply and demand. Meanwhile, when the supply of such currency tops the market demand, the value of such currency as well as the exchange rate plunges. One good example of a fluctuating exchange rate is the US dollar.An in-depth tutorial of the basics of forex exchange rate is widely available online.

Your every decision counts and influences your investment’s progress or downfall.Check out other guide on Exchange Currency

Simple answer, is ‘Money’. There is no physical goods for you to buy and sell through a broker or dealer, but we are using our money to buy currency, and the price for the currency is directly reflected by the economic prediction and current situation for those country currency.
The exchange rate of the currency can consider as country economy compared to another countries economy.
We used to trade the Forex Over-The-Counter (OTC) or so called ‘Interbank’ network without a physical location, as all the transactions are been transferred electronically through ‘Interbank’ network daily over 24 hours continuously.
You need to know the Spot Market mean any trading market deal at the current price of the financial instrument. And the Forex OTC market mean the participants will determine who they want to trade with and depend on the trading conditions, prices and reputation of the trading counterpart with biggest and most popular financial market in the world.

There are few reasons that people like Forex trading:-

1.No brokerage fees or no clearing fees or no exchange fees or no government fees. As they are using bid-ask spread to compensated for their services. The bid/ask spread usually is less than 0.1 percent, and even with the larger dealers, the spread may as low as 0.07 percent depend on your leverage.

2.You not need to deal with any middlemen and you just need to trade directly in the online Forex brokers based on the market price.

3.There is no fixed lot size for the spot Forex, as you can determine by your down lot size.
You not need to wait till the market to open then only can trade, as this is almost 24 hours trading around the clock.

4.You not need to worry that someone can control the market as the Forex market is so huge and many participants transact over the world at the same time and not limit on your country only.

5.Leverage. You can keep your risk as minimum to make a nice profits as you can control with a small margin deposit to get a larger total contract value. Example, the brokers offer 200 to 1 leverage, mean with a $50 dollar margin deposit to allow you buy or sell $10,000 worth of currencies, and $500 can let you trade $100,000 dollars and so on. Mean more margin deposit, then you can trade and gain more, but without proper planning, it will make you lose a lot too in this case.

6.The Forex daily transaction so huge over the world, and it almost allow you to buy and sell just with a click of mouse to done the deal through online transaction, and won’t let you ‘stuck’ in a trade. If you are busy, then you even can set the desired profit level (with limited order), or close the trade at certain amount in the online Forex broker system to auto transact for you.
A lot of online Forex broker systems provide the free ‘demo’ account for you to practice the Forex trading before you jump into it directly using your real money. You can use their services (news, charts, reports, forum) till you really familiar and has confident, then you can open a live trading account to start your Forex trading. Practice make perfect!

7.Startup cost for the Forex trading is lesser than the trading stocks, options or futures. Online Forex brokers offer ‘micro’ and ‘mini’ trading accounts for us to start-up as minimum as $300 or less.

Due to restricted time and Internet connection that I have now, I have opted to trading using the daily charts.Its not as aggressive and thrilling as trading on the shorter time frame but the result is about the same minus the headache.

I'm beginning to like daily trading. I need to make decision once in a while and the rest of the time I just hold my position.

On a daily chart, the candlestick is much easier to read and pattern is much clearer. On 13th August I opened 3 position. 2 of which is still holding while 1 has been closed. At the moment all position are in profit. Daily trading is not for everyone.

It took me sometime to adjust on the requirements of daily trading, but once you are there you never look back.Till next time, good luck everyone

The Euro consolidated near the 1.47 level in overnight trading, yielding a flat result ahead of the opening bell in Europe. The British Pound advanced, adding as much as 0.3% against the greenback. We continue to hold a short GBPUSD position, initially targeting 1.6112.


The Euro may see near-term gains as Germany’s IFO Survey shows that business confidence in the Euro Zone’s largest economy rose for the third straight month to hit the highest level since May 2008, but sentiment may not be supportive in the longer term.





Key Overnight Developments





• Japanese Trade Surplus Shrinks on Export Weakness


• Australia's New Home Sales Matched Record Gain in August


• RBA Says Financial System Resilient But Risks Remain

Here's an article I found in my files. Given the approach of the New Year, now is an excellent time to re-enforce those good trading habits and thoughts ... enjoy!!


How many pips do you need to be wealthy? The answer may surprise you.

A very common thought and question among us forex traders. Of course this is variable in desires; however it is a good idea to put things into perspective. In reality, the following is what separates the gamblers from the traders.
About 2 years ago I sent out a similar letter that changed the outlook and the lives of many traders. While most at the time were mini-traders a simple 25 pip gain equated to a mere $25.00. "How can I live off of that?" I was repeatedly asked. It didn't take long to put this into perspective.

Determining Percent Return

Profits are one thing, percent return is another. Monthly profits may add up to look nice or not so nice, but what is the actual return? I am sure we have all heard traders say, "I made 1,000 pips last month." OK.. what was your percent return? Not only for one month, but for the life of your trading.

Return Calculation

The simple return calculation is used to determine your return on an investment after you sold it. Or in this case, the profits after closing trades over a period of time.
Here is the formula:
Net Proceeds /Cost Basis - 1 x 100
Let's run through a simple example.
Suppose you traded one standard forex contract for a profit of 200 pips. This would be a raw profit of $2,000. The cost in this case was the spread and the margin needed to secure the contract; the most common margin is 100:1. Thus it cost a temporary, $1,000 to secure this contract. We say temporary because we all know we would not trade without a stop loss, most likely the stop would have been worth about $250.
Calculation:
Net Proceeds = $2000
Cost Basis = $20 (spread) + $1,000 margin
($2,000 /$1,020 - 1) x 100 = 96% (Just under 100% in a single 30 days)
So, if you are trading with a 100:1 margin and averaging around 200 pips per month, you are close to a 100% return per month.
What about per year?
Try it, you will be amazed. Hint: Don't forget to compound.

Take Home Message

Trade conservatively, a few 25 pip trades per week (300 pips per month) on a single lot can give you a return of just under 200% a month. Build your account slowly, trade with the same level of caution, just add more lots. This is the best method, the most realistic method and the lowest stress method of enjoying the rewards of forex.
John Keister
ForexInterBank
Happy Trading from 4xonlinelearning.blogspot.com

On my last post, I was telling you about a new system. I decided to do forward testing. As usual all testing was done on a demo account. No live account was hurt during the testing period.

The result as you see is superb. There are actually 2 part of testing. The early trades are done on a shorter time frame, 5 minute to be exact. The later part of testing is done on a longer time frame, 1 hour.

I must say the system looks promising on the longer time frame. On the shorter time, I just dont have the time to monitor the trades. As of now the system is running on my live account.

At the moment on 4th June my account is up 40%. Hopefully everything goes well and I will have good profit by end of the month. Will keep you inform

The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries.

As we know that the ‘Forex’ mean the Foreign Exchange market, and other people may call it ‘FX’ or ‘Spot FX’ or ‘Spot’ in the trading financial market, and over $3 trillion transaction per day. So compare to New York Stock Exchange transaction around $30 billion per day, then you can see the huge Foreign Exchange potential value.

What we use to trade in Forex?
Simple answer, is ‘Money’. There is no physical goods for you to buy and sell through a broker or dealer, but we are using our money to buy currency, and the price for the currency is directly reflected by the economic prediction and current situation for those country currency.

The exchange rate of the currency can consider as country economy compared to another countries economy.

We used to trade the Forex Over-The-Counter (OTC) or so called ‘Interbank’ network without a physical location, as all the transactions are been transferred electronically through ‘Interbank’ network daily over 24 hours continuously.

You need to know the Spot Market mean any trading market deal at the current price of the financial instrument. And the Forex OTC market mean the participants will determine who they want to trade with and depend on the trading conditions, prices and reputation of the trading counterpart with biggest and most popular financial market in the world.

There are few reasons that people like Forex trading:-

No brokerage fees or no clearing fees or no exchange fees or no government fees. As they are using bid-ask spread to compensated for their services. The bid/ask spread usually is less than 0.1 percent, and even with the larger dealers, the spread may as low as 0.07 percent depend on your leverage.
You not need to deal with any middlemen and you just need to trade directly in the online Forex brokers based on the market price.
There is no fixed lot size for the spot Forex, as you can determine by your down lot size.
You not need to wait till the market to open then only can trade, as this is almost 24 hours trading around the clock.
You not need to worry that someone can control the market as the Forex market is so huge and many participants transact over the world at the same time and not limit on your country only.
Leverage. You can keep your risk as minimum to make a nice profits as you can control with a small margin deposit to get a larger total contract value. Example, the brokers offer 200 to 1 leverage, mean with a $50 dollar margin deposit to allow you buy or sell $10,000 worth of currencies, and $500 can let you trade $100,000 dollars and so on. Mean more margin deposit, then you can trade and gain more, but without proper planning, it will make you lose a lot too in this case.
The Forex daily transaction so huge over the world, and it almost allow you to buy and sell just with a click of mouse to done the deal through online transaction, and won’t let you ‘stuck’ in a trade. If you are busy, then you even can set the desired profit level (with limited order), or close the trade at certain amount in the online Forex broker system to auto transact for you.
A lot of online Forex broker systems provide the free ‘demo’ account for you to practice the Forex trading before you jump into it directly using your real money. You can use their services (news, charts, reports, forum) till you really familiar and has confident, then you can open a live trading account to start your Forex trading. Practice make perfect!
Startup cost for the Forex trading is lesser than the trading stocks, options or futures. Online Forex brokers offer ‘micro’ and ‘mini’ trading accounts for us to start-up as minimum as $300 or less.

What is minimum requirement to start the Forex trading?
We all just need to have a computer and a stable high speed Internet line to get connected to online Forex Broker system. With the latest technology, you can have a computer Netbooks and a mobile phone to get online and transact it anytime anywhere.

How much I need to get it started on Forex trading?
Although some of the online Forex brokers trading can allow you to open an account with minimum deposit of $300 or less, but propose you to have at least $1000 to start as a ‘micro account’, or if you have more money then can start with $10,000 to get a ‘mini account’. Most of the online Forex brokers offer different level of services, and for example, micro account ($1000 or less) allow you trade $200,000 dollars and below currencies transactions to gain more profit.

Forex Trading! Money Exchange!

Why to trade on Forex?
1. There is no commission fee for trading at Forex.

2. There is no intermediary, you can trade directly at Forex.

3. Forex is open 24-hours a day.

4. Nobody can influence the market for a longer period.

5. High liquidity.

6. Free demo accounts, analysis and charts.

7. Small accounts that allow everyone to try out his luck.

Hope this has answered a lot of questions you were asking yourself about Forex and that you can now start trading. Also make sure that you check out other articles on this blog which can help you earn your fortune.

Good luck to everyone!

Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.

The purpose of Forex market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, Yen, etc., and the need for trading in such currencies. Since you aren’t buying anything physical this kind of trading can be confusing. When buying a currency think of it as buying a part in that particular country’s economy because the currency rate reflects the economical situation of the country when compared to others.

List of most popular currencies on the Forex market is shown above

Forex used to be a closed market because only the “big boys” because you needed between 10 and 50 million $ to open an account. But today, with the development of internet, online Forex brokers have the possibility to offer their services to “little” traders. All you need to start is a computer, fast internet connection and information which you can find on this page also.
This enormous market is like the dangerous sea where you can meet lots of sharks and dangerous waters but at the same time it is the only one where two weeks of trading can hypothetically bring you $1,000,000 out of $1,000 of initial investment.This is certainly hypothetically because a lot of newbie traders deal with their trades as gambling, that surely bring them to having nothing in the end. You should always keep the phrase "be careful!" in your mind. This market would give you its profit possibilities only if you learn the basic things hard and make lots of demo trading.The statistics is that as much as 95% of traders come to losing their money at Forex, 5% have profit and less than 1% of traders make large fortune at Forex. You shouldn't produce, sell or advertise anything trading at Forex. Your assets are your knowledge, experience and a small amount of cash.This market is a platform for banks, transnational corporations and individual traders to change the currencies they possess into other ones. This is the spot Forex market. At this market you can trade with up to 1:400 leverage which means that you'll get $400 on your account for each dollar invested. So, you can trade with the $400,000 sum having invested $1,000 onto your account.Forex is unique among other world markets because in any time of day and night, somewhere in the world, a financial centre is open for business, banks and corporations exchange currency all the time, with a little lower frequency during the weekend.

This month investors have increasingly moved to riskier assets like stocks, commodities and higher-yielding currencies, as concerns about a ballooning U.S. fiscal deficit and low Interest Rates have fueled Dollar selling. The Federal Open Market Committee (FOMC) is expected to hold Rates steady but markets will be interested for any guidance on whether the Fed will continue its expansionary monetary policy for a prolonged period of time.

USD - Dollar Advances on Economic Optimism

The Dollar saw quite a volatile session during last week's trading. The Dollar dropped against the EUR, although saw a rising trend against the Yen and especially against the Pound, as the Dollar soared over 400 pips against the GBP. On Monday the U.S dollar gained in thin conditions, extending a bounce seen late last week as traders covered short positions ahead of a Federal Reserve monetary policy meet and a Group of 20 summit.It seems that the main reason for the Dollar's volatility is the mixes results coming from the U.S economy last week. The U.S Retails Sales continued to deliver positive figures. This means that the total value of sales at the retails level is growing, showing that consumers in the U.S might feel safer to spend these days. Also last week, the Consumer Price Index (CPI) rose by 0.4%, proving that inflation continues to rise in the U.S. This could have a significant impact on the Dollar, as the rising inflation usually leads to an interest rate hike, which may very well support the Dollar. But on the other hand, the Long-Term Purchases publication failed to reach expectations for a 65.3B result which would have reflected a recovering economy, and the final result was 15.3B. This appears to be one of the main factors for the Dollar depreciation against the Euro.As for the week ahead, a number of important data are expected from the U.S economy. The most significant will be the Federal Funds Rate Statement which is scheduled for Wednesday 18:15 (GMT). Analysts expected no change to the central bank's target, but speculate whether the fed will make changes to its debt-buying programs. Traders are advised to pay close attention to the Fed's announcement on Wednesday.

EUR - The EUR off 1 Year Highs; GBP Dips

The EUR eased against the U.S. dollar to $1.4688, having lost about 0.2% on Friday, though strong support is seen around $1.4640. On the Yen, the European currency held steady around 134.35 yen. The EUR dropped from near a 1 year high versus the U.S dollar after the European Union (EU), said yesterday that a restructuring of the banking sector must take place. According to EU policy makers Europe needs continued low Interest Rates and government stimulus measures to keep the recovery on track. The Sterling extended losses, hitting a 4 month low against the EUR of 90 pence on news the UK had set tougher-than-expected conditions to the potential exit of Lloyd's Bank from a state-run scheme to protect its assets. The GBP dropped to 90.53 pence per EUR from 90.40 pence on Sept. 18, after earlier touching 90.67 pence, the lowest level since Apr. 24. The British pound may weaken further against the Dollar and the EUR on speculation the Bank of England will keep borrowing costs low. Looking ahead to this week, a batch of data is expected from the Euro-Zone's leading economies, especially on Wednesday. Many French and German indicators are scheduled for Wednesday, as this day seems to be the day that will determine the Euro's direction for this week. Traders are advised to follow all the main publications on this day and look for any unexpected result that may soar or tumble the Euro.


JPY - Yen Losses Strength against the Majors

The Yen continues to depreciate against the major currencies during last week's session. The Yen dropped over 100 pips against the Dollar and the USD/JPY pair is currently traded around the 91.50 level. The Yen also saw a bearish trend against the EUR.While the Japanese yen gained against all but one of the 16 most- actively traded currencies since early August as the Democratic Party of Japan became the likely winner in national elections, forecasters say it will decline 5.7% against the U.S dollar and 1.2% versus the EUR by year-end. The economy is too weak to support a stronger rate, according to analysts. The main data of this week appears to be the Trade Balance report, which is expected on Wednesday 23:50 GMT. This report measures the difference in value between imported and exported goods during August, and is one of the best indications for Japan's exports. A better-than-expected result might have the potential to support the Yen.

OIL - Crude Oil Slips On Firmer Dollar

Crude prices fell for a 3rd day on speculation further evidence of a global recovery is needed to extend the commodity's 61% gain this year. Oil prices were also pressured by bearish comments from Sinopec, Asia's top refiner and China's 2nd largest oil and gas producer, that diesel demand in China continues to lag economic recovery. Oil rose 3.9% last week, thanks to U.S. government data showing a larger-than-expected draw in crude stocks, heavy losses in the U.S. dollar and rallying stock markets. Though Crude prices have only gained about 3% so far this quarter, after shooting up 40% in the June quarter, some analysts said Oil prices were set to move higher in coming weeks amid an economic recovery and seasonal winter demand.Looking ahead to this week, traders are advised to follow the leading publications from the U.S and the Euro-Zone, and to follow the equity markets in the major economies in order to predict crude oil's movements. Traders should also focus on the Crude Oil Inventories report which is expected in Wednesday, as it has proven to have an instant impact on oil's value.

When you turn on the TV (especially mainstream media) you are inundated with news of the demise of the dollar. Business news, national news and even your local news channels are leading into events with reports of the dollar and the economy. Analysts are featured and opinions are smattered across the airwaves in an attempt to provide an oracle response to current economic events.

Beware the source and follow your system.

In these volatile times it is easy to get caught up in the hype provide by all the news media and analyst. It is natural to want to look for guidance. Remember to trust your system and more important trust yourself. You, after all, are the single largest determinant of your success.

Your approach should remain consistent, almost impervious to the events occurring because you follow your plan with discipline and ruthless detail to executing at optimum performance.

Be disciplined and follow your plan. If market conditions don’t suite your style – sit this one out until conditions provide your with your personal edge!

Happy Trading!!

Forex trading, or any trading for that matter, is an occupation that requires experience and the accumulation of proficiency not unlike any other highly skilled profession. Whether you are a leading executive at a major publically traded company, a professional golfer or trading from your kitchen table, there are 5 key ingredients that one must possess in order to become successful.

1. You must be Passionate about what you do.

As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don’t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life! We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade currencies and would you still do it if Forex were not potentially lucrative? Your answers will be quite revealing. You’ve got to feel your passion for trading!

2. You have to Apply Yourself and work hard at it.

I talk to so many people that enter into Forex trading with the aspiration of getting rich quick. Without putting the time and energy into really getting good at trading I see them jump from strategy to strategy looking for the goose that will lay the golden egg and eventually quitting while blaming everything else, except the true cause.I got news for you – you are the goose and your Forex education is the golden egg. The magic has always resided with the magician and not some strategy. Work hard at trading and the rewards will eventually come your way. Remember what Tiger Woods said, “Funny, the harder I work the luckier I get.” Apply yourself as a trader and it will be no accident when your account begins to blossom.

3. You must Focus to really get good at what you do.

Now here is the hurdle most Forex traders struggle to get over. You have the passion and you are applying yourself to your trade, now focus and really get good at just at what you are doing. Be the expert to the experts at just that one thing. Become the master of a strategy or risk management methodologies. Really focus on getting good at it.Stop jumping around or getting pulled from the last “latest and greatest” into the next “latest and greatest” and focus on one aspect of Forex trading and know it inside out. Know it strengths and weakness. Set your sights on becoming expert on just one aspect of trading and watch it spill over in all other aspects for your currency trading. This is the time to fail forward fast, use every setback as a learning opportunity that will propel you 3-steps ahead!

4. You must Push Yourself beyond the point everyone else might have quite.

In Forex Trading this is simple. Assume there is someone on the other side of your trade that is pushing themselves and sharpening their edge. To be successful you must you must do the same thing. Now is the time to examine your mental edge. Do you know the single most critical factor in any currency trade? It is you, the trader! Sharpening you mental edge is the most difficult aspect of trading, but also the most rewarding.Start with your Forex education and gain the self-awareness necessary to maximize your strengths and suppress your weaknesses. Any expert will tell you that trading is 80% mental. It’s time to sharpen your trading to the razor’s edge and you do this through Forex education. A constant and never ending process that will become the cornerstone of your Forex experience.

5. You must, without wavering, be Determined and Persist to your objective.

You will fail. I can state that emphatically. However, you will not be defeated unless you allow your failures to control your trading. It is the old adage; failure is not falling of your horse, failure is refusing to get back on. Your success depends on your ability to dismiss the criticism, rejection, self-doubt and pressures associated with Forex trading.Defining what is a winning trade, losing trade and bad trade will go a long way into developing you as a successful trader. Without the determination and persistence in all aspects of your trading life, obstacle will definitely appear closer and larger than they actually are.Take a moment and assess yourself and your trading. Do you have the key elements to succeed? Which areas are presents development opportunities? When conducting a self-evaluation it is critical to be totally upfront and honest with yourself. After all, you will only be dishonest with yourself. One of the most interesting observations you can make is that all key success factors are interwoven. One factor supports the other. This is why your Forex education is a continuous journey of forex strategy, money management and self-mastery. Set these factors as your Forex education goals and take your currency trading to new heights.
Happy Trading!!

After looking at charts for over 1 year now, I have made a conclusion on how the market move. It may differ from other people point of view but at least this is how I made profit or loss in Forex Market.The Market generally move once or the most twice a day.
That is how much Forex market move. There is no point on being stuck in front of the pc the whole day since it will only move once. If you dont belive me look at any pair in timeframe 1 hour or less. Forex doesnt move in straight line but it has a tendency of moving to a particular direction in a zig zag motion. The idea is to develop a system or set of indicators that will give you an entry early enough for you to profit when the market makes its move.
There is no way you can tell the move before its moving. The price must move at least a little to a particular direction before you signal is triggered. Then you enter the market and take the remaining move. The system must only give you signal once a day or twice the most. Because its a daily trade dont expect much. Sometimes condition are bad even 5 pip is enough. You must remember that if you are trading less than 1 billion you are small fish in the sea. Take what you need and leave or else get eaten by the big fish.In developing the system that will take advantage of Forex movement characteristic, I sense that I have succeeded. I have a system that will give signal only once a day or twice the most. Like most Forex system in the world, there are difficulty finding the right entry and exit point.
An entry and exit that will give you the most out of the move before it will retrace. In the end, its about how and when you enter. There are no room for mistakes here since mistakes are costly. From the very 1st trade you make till the last trade, the risks are all the same.
Experience is an advantage but its not an insurance. Once everything turns bad, there is no saving you. Welcome to the World of Forex

It seems that there is a behaviour in all of us. If we do not understand, we will study it. Thats how knowledge begins. We study in order to understand things that are unclear and unknown to us but what happen when we started to understand it?Once we know how something works, we will not see it as a challenge. For those people that love challenge, they will lose interest. This is because it is no longer something to go after. You already have the answers and started looking somewhere else for new challenges. In the end such people will not accumulate wealth but he will gain knowledge. Knowledge in the end is what matters.Last week I lose in Forex trading. I will update screenshot when I have the time. It seems to me that I am starting to lose interest in Forex for the above reason. For other reason I will not be trading forex till start of next year. Holiday season is coming, Im going home for a long vacation and forex has started to lose it appeal. Those of you still struggling to understand it, keep up the work. Its a feeling undescribe by mere words once you have found the answer. At the time of writing we are seeing major turn on 3 pairs which are EurUsd, UsdChf and UsdJpy. Chrismast is coming and it would be a waste of time to trade now. Let us hope a new year wil bring new fortune to us all. Happy holidays everyone.

I am typing this from my pc. It a bit of a mess now, the new house still needs a little work and I am not feeling well lately. Maybe its the change in climate.
This week I am going to talk about numbers only. Forex is after all based on numbers. Example, I have a long position on GBPUSD @ 1.4700 with a profit of 320 pips at the moment and still holding. What I am going to say is big players only see big number. The do not see the last 2 digit. The last 2 digit is for scalpers. Big players only see the 1st 3 or 4 digit only. So if a bank wants to buy or hedge a currency they will give an instruction to buy at 1.47. Thats it.
Simple yet people fails to see it.So what happens at 1.47? The price will bounce of or hover around it but things arent always what they appear to be. What happen is price will have a range between 1.46 - 1.48. That is almost 200 pips wide range.
Imagine what happen to your 50 or 100 pip SL?? Now you know why people lose money even though they have the right direction. These big players have big money they dont mind to stand few hundreds negative pips coz in the end they will profit big time. What they do is they will have a standing order to trade at certain level. Because the total amount of order, the market cannot fill the order in 1 transaction and so price will hover or bounce of a certain level. This is where double top or bottom appear. Behind it is the action of filling orders by these big players. Example EJ currently have a top of 1.34 and a bottom of 1.30.
Big players are playing the game here. At the moment EJ is climbing and there is a big possibility that it will reach 1.34 again. I have a standing order to buy EJ at 1.30. If it hits there is a very big chance for 400 pips gain. Only time will tell.

When doing technical analysis on forex. There are 3 factors that need to be properly recognise and use. They are trend, momentum and timing.TrendTrend is the tendency of movement to a particular direction. When it is uptrend, the price will move up and vice versa.Momentum.Momentum is the strength of movement. The stronger the momentum the stronger the move. When the momentum is finished, it will reverse.TimingTiming is when u enter the market. Enter only when the profit to risk ratio is good. Other than that better stay out.

Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.Forex is becoming more and more popular due to its availability over the internet and current high speed internet. Some people have made a living out of forex trading. Its not easy but we all have to start somewhere. Here there will be infomation on forex trading, forex brokers, forex signal, forex chart, technical study and fundamental study of forex and lots more.There will be other posters, other forex traders that will contribute article here. Come and learn to trade forex. See how easy it is actually to make money and to lose money as well.

Forex is not a quick rich scheme.Forex is not easy even though my blog says so.Forex is not a place for newbieForex is not something you can learn overnightIf you needed the money, dont put it in Forex. Seriously. Go somewhere else.Forex is a journey, enjoy it.There is no such thing as holy grail coz there is no perfection in this world. If perfection exist in this world it would be boring. No more room for improvement.Forex is not rocket science. There is no right or wrong. There is only probability.